It is a subjective technical analysis method, but very popular with some technical analysts. And individually and in conjunction, these heavenly bodies affect individual sectors, he claims. Jupiter and Saturn influence metal stocks; the moon and Saturn, oil stocks; Venus, media stocks; and the sun, pharma stocks, he adds.
Daruwalla uses the horoscope of India and its Prime Minister and finance minister along with techniques of Tarot cards to make predictions for the currency. Interestingly, many brokers, including several non-believers, see nothing strange in the trust some investors place on astrology. Ashok Mittal , co-head, retail broking, at Emkay Global Financial Services Ltd , explained that making predictions based on astrology was similar to some individuals choosing to make investments based on fundamental analysis while others resort to technical analysis, despite the fact that many investors do not believe in technical analysis.
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Many stocks from this sector appreciated exorbitantly. Sectors which get very strong astrological support are not normally affected by downfall in the market.
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Sectors which get strong astrological support also start getting favourable news along with all kind of positive support by regulatory authorities in that industry, resulting in strong growth and super positive results. Most of problems also start resolving. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.
Astrological position of Indian stock market will continue to be highly uncomfortable in coming days. Moneycontrol Contributor moneycontrolcom. Satish Gupta.
Auto stocks bleed: Here's how much investors have lost in a year. Astrological position of market likely to be highly uncomfortable, Domestic industry for continuation of anti-dumping duty on certain Open in App.